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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: El Canadiense who wrote (10922)	7/26/2005 8:55:58 PM
From: Crossy	Read Replies (4) of 37387

re: OMC.AX - Omegacorp - A$1.06 asx.com.au asx.com.au Just got back from a nice phone conversation with Director Matthew Yates (member of the Australian Society of Geoscientists) - who heads their Uranium exploration programs The firms is firing on all cylinders ! 1) The recent secondary of A$5.1m allows them to step up their efforts considerable 2) The R.A.B. family of funds - one of the best energy investors in the world IMHO now controls a big chunk of OMC.AX shares. They took up a nice part of the secondary.. 3) Proceeds from the secondary will allow them to start a drilling program by the second half of August when their rig will have arrived. Expect them to drill one hole per day. 4) Their priorities shifted - they realigned priorities and now assigned Mocambique based Mavuzi mine the top notch. This is a brownfield story - since the property was previously mined. The Mocambique government is described as most helpful 5) Unlike the other properties, Mavuzi is not a sandstone hosted but a "shear hosted" deposit. That's why the grades are higher also. looks great ! CROSSY

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